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Federal Reserve Chair Jerome Powell will speak Tuesday with the Greater Providence Chamber of Commerce 2025 Economic Outlook Lunch.
This is Powell’s first speech as the Federal Open Market Committee lowered the central bank’s major borrowing rate by a quarter point, down to the first cut of the year – 4%-4.25%.
At a post-meeting press conference, Powell saw reductions as “risk management” as authorities became more interested in labor market weaknesses than threats from inflation. Meeting participants showed the possibility of two more cuts this year, followed by additional cuts over the next two years.
read more:
Chicago Federal President Ghoulsby says authorities need to be careful not to be too aggressive with interest rate cuts
President St. Louis Fried Musalem is looking at “limited rooms” to cut more interest rates
Federal government’s Stephen Milan pushes litigation to reduce key interest rates by central bank
Fed rates masked a big internal difference as to where the policy is heading
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